000 03961nam a22005295i 4500
001 978-1-4614-9457-7
003 DE-He213
005 20200420211749.0
007 cr nn 008mamaa
008 131106s2014 xxu| s |||| 0|eng d
020 _a9781461494577
_9978-1-4614-9457-7
024 7 _a10.1007/978-1-4614-9457-7
_2doi
050 4 _aHB615
072 7 _aKJH
_2bicssc
072 7 _aBUS025000
_2bisacsh
082 0 4 _a658.421
_223
100 1 _aBr�annback, Malin.
_eauthor.
245 1 0 _aUnderstanding the Myth of High Growth Firms
_h[electronic resource] :
_bThe Theory of the Greater Fool /
_cby Malin Br�annback, Alan L. Carsrud, Niklas Kiviluoto.
264 1 _aNew York, NY :
_bSpringer New York :
_bImprint: Springer,
_c2014.
300 _aV, 116 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aSpringerBriefs in Business,
_x2191-5482
505 0 _a1 Introduction -- 2 How Did Growth Become So Interesting? -- 3 Entrepreneurship, Growth, and High-Growth in Research and Policy -- 4 Measuring growth -- 5 Growth and profit -- 6 Conflicting agendas: Stakeholders, Growth and Profit -- 7 Do Experts Know What Growth Is? Two studies on perception -- 8 Discussion and recommendations.
520 _aIn this volume, the authors challenge some long held assumptions about entrepreneurial firms held by academics, public policy makers, investors and even entrepreneurs themselves. The first is assumption is that growth is what really differentiates an entrepreneurial firm from a small business. The second is that growth is always good. Third, if growth is rapid, and/or high growth, it is even better. Drawing from a fresh review of the literature, their own primary research and experience in entrepreneurial ventures, the authors argue that the relationship between growth and firm performance is, in fact, inconclusive. Despite the strength of contemporary bias, there is strong evidence that the growth-profitability relationship is problematic. For example, rapid growth may lead to considerable organizational challenges that can seriously constrain a firm's ability to generate sustainable profits. Also, it is not uncommon that a growth firm becomes a victim of its own success. Using examples from industries as diverse as airlines, accounting, biotechnology, information technology, personal products, wineries, and food establishments, the authors highlight limitations to research due to variations in the choice of growth indicators, the calculation of growth measures, the measurement periods, and whether objective or subjective measures have been used. Moreover, researchers have equated growth with high growth and almost automatically assumed that this also means high technology, while policy makers appear to have interpreted this as high employment. Armed with more precise definitions and understandings of key concepts and the nature of their causality, the authors consider the implications of restoring profitability to the core of entrepreneurship for future research, firm strategy, financing, organizational structure, resource allocation, and public policy.
650 0 _aBusiness.
650 0 _aEntrepreneurship.
650 0 _aLeadership.
650 0 _aOrganization.
650 0 _aPlanning.
650 1 4 _aBusiness and Management.
650 2 4 _aEntrepreneurship.
650 2 4 _aBusiness Strategy/Leadership.
650 2 4 _aOrganization.
700 1 _aCarsrud, Alan L.
_eauthor.
700 1 _aKiviluoto, Niklas.
_eauthor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9781461494560
830 0 _aSpringerBriefs in Business,
_x2191-5482
856 4 0 _uhttp://dx.doi.org/10.1007/978-1-4614-9457-7
912 _aZDB-2-SBE
942 _cEBK
999 _c51138
_d51138